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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?


To: Ed Pittman who wrote (4798)2/23/1998 1:20:00 PM
From: Ken Benes  Read Replies (1) | Respond to of 10227
 
Ed:

It is critical in the short term for Nextel to exhibit some follow thru on the recent accumulation this week. So far today, it is not evident. Watching closely. I saw the reports of a possible Chinese devaluation of their currency in the Wall St Journal. Should this happen, there will be an additional impact on our economy. I would think the implications would be larger than those previously seen in the other Asian countries that devalued. This is the source of the systemic pressure in the market that worries me. Should it appear, than I would agree that nxtl could be vulnerable as would most equities.

Ken